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The Old Bankruptcy Law Is Dead

The New Bankruptcy Law [is] Five Years Old, so says Susanne Robicsek in her October 17, 2010 anniversary blog about bankruptcy reform legislation enacted in 2005.  Tragically, now the old bankruptcy...

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Bankruptcy, Balance Sheets, and Fred

Filing bankruptcy if you have an interest in a corporation or a limited liability company requires some extra work for you and your bankruptcy lawyer.  Preparing an accurate balance sheet listing the...

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God and Bankruptcy

Bankruptcy is in the Bible.  In fact, there are plenty of blog posts here on Bankruptcy Law Network about what the Bible says about debt.  Kurt O’Keefe’s “Is Filing Bankruptcy a Sin?” is just one of...

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Advice for Creditors on Reaffirmation Agreements

Yes, you read it right.  This is about giving creditors advice about reaffirmation agreements.  It just might be a first here at Bankruptcy Law Network.  But it’s occurred to me that creditors deserve...

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Los Angeles Dodgers Filed Chapter 11 Bankruptcy – In Delaware?

(Dodger shirt available through And my own hometown Detroit company, General Motors, filed Chapter 11 in – New  York City. Texas based Enron filed in – Delaware. Delaware and New York are the courts...

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How to Do Your Bankruptcy Credit Counseling

  The Bankruptcy Code mandates that the debtor take a credit counseling course within 180 days prior to filing bankruptcy.  The course is one of the many useless hoops debtors must jump through prior...

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Means Test and Attorney Fees

I wrote about attorney fees as a means test deduction some time ago.  BAPCPA’s provision, codified at section 707(a)(2)(A)(iv) of the Bankruptcy Code, says that priority claims are deducted from...

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Debtor Education Course: Are Joe and Sally to Blame?

The debtor education course. It’s the second course required by the Bankruptcy Code–the ticket out of bankruptcy, at least if the debtor wants his discharge. I confess I’ve always wondered what my...

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IRS to Chapter 13 Debtors: File Your Returns by February 5!

We all know that individual tax returns are due on April 15 (or a day or two later if April 15 is on a weekend).  But Congress inserted a little tax time craziness into sections 1308 and 1307 of the...

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What Is A Debt Relief Agency In Bankruptcy Reform Law?

The term debt relief agency appears in a legal context for the first time in bankruptcy law in the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 [The Act]. The first chapter of this...

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